Published on : Sep 25, 2018
Albany, New York, September 25, 2018: Ubiquitous use of target drones for various testing and training regimes across defense forces, coupled with widespread utility for security and surveillance has triggered growth in target drone market. To evaluate recent developments and their subsequent implications on the growth of the market, Market Research Hub (MRH) has collated a new research report titled, 'Target Drone Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026' to its fast expanding repository.
Advanced Geofencing Capability: a Requisite for Functional Excellence
Amidst steep competition in target drone market as well as greater adoptability of target drones owing to innate security concerns, have motivated leading manufacturers to invest substantially in technological novelties to harbor market lead. Market players are targeting user-friendly assembly options as well has integrated advanced features such as geofence feature to maintain stipulated target range of target drones to ensure safety. Additionally, advanced flying capabilities as well as affordable price range remain pivotal for target drone manufacturers to remain top choices amongst end-users.
Kratos Reveals New BQM-177A Target Drone for US Navy
In a significant recent development, leading market player in target drone market, Kratos Defense and Security has lately unleashed its offering, BQM-177A target drones, as part of a contract with US Navy, worth $34.5 million. According to the claims made by Kratos, BQM-177A makes for one of the most sophisticated unmanned aerial drones and is a versatile add-on to BQM-74E range of target drones. The recent refurbishment boasts of advanced features such as improved, high-mounted wings and Micro Turbo jet engine to facilitate enhanced user experience.
Defense Segment to Bank Maximum Revenue Lead in Target Drone Market
Further, in the course of this research report, readers are provided with a holistic analytical review of various market segments and factors that foster growth in target drone market. A detailed cross segment report of target drone market highlights platform, engine type, application, and end-user as chief segments in target drone market. Ground target, aerial target, underwater target, and sea surface target make up for chief platform types. Based on engine type, target drone market is sectioned as internal combustion engine and jet engine amongst others. On the basis of application, target drone market is segregated as combat training, target and decoy, surveillance, target acquisition, and reconnaissance as chief segments. In terms of end-user, target drone market is split as commercial, homeland security, and defense.
North America to Continue its Leading Stance in Target Drone Market
Further, the report entails vital information on regional expanse of target drone market, based on which target drone market is split as Europe, North America, South America, Asia-Pacific, and Middle East and Africa.
Competitive Landscape: Target Drone Market
On the basis of comprehensive research postulates this section of the report evaluates the effectiveness of marketing tactics and tools in fuelling growth in target drone market, as well as their impact on end-user response such as their buying preferences and eventual buying behavior. New entrants as well as existing market players can facilitate elaborate analysis if these strategies to incur core deductions based on which market players can deliver lucrative business deals that pitch market growth. Eminent market players identified in target drone market consist of AeroTargets International, Airbus SE,Aviation Industry Corporation of China , The Boeing Company, Griffon Aerospace, Kratos Defense & Security Solutions, and Leonardo amongst others.
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